Roger Fields Of Peninsula Land & Capital Acquires Office Building In San Francisco For $105M

Peninsula Land and Capital acquired an office tower located at 505 Montgomery Street in San Francisco's Financial District. The transaction, valued at $105 million, involves a total area of 365,500 square feet, resulting in a price per square foot of $287. The seller, DWS Group, had possession of the property for two decades.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $105,000,000
• Square Footage: 365,500
• Price Per Square Foot: $287
• Buyer: Roger Fields - Peninsula Land & Capital
• Seller: Stefan Hoops - DWS Group
• Market: San Francisco

Roger Fields represented Peninsula Land & Capital in this transaction, while Stefan Hoops represented DWS Group. The long-term ownership by DWS Group reflects their significant investment in the area prior to this sale.